Post Utme Mountain Top University 2021 Commerce Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2021 Commerce Objective / Multiple Choice
Question 30 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • COMMERCE • objective

A bank's assets are given by A = 100,000 + 0.05T, where T is the time in years. If the bank's assets increase by 10% in one year, by what percentage does time increase?

Answer Options

A. 5%
Correct Answer B. 10%
C. 15%
D. 20%
Correct Answer
B
Correct Option:
10%

About This Question

This is Post Utme Mountain Top University 2021 Commerce Question 30. It is one of the objective questions from the 2021 Post Utme Mountain Top University Commerce examination.

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